Showing posts with label same-sex marriages affect your closings in KY. Show all posts
Showing posts with label same-sex marriages affect your closings in KY. Show all posts

Closing Costs for a Kentucky Mortgage Loan?

Kentucky Mortgage Closing costs can include the following:

Down Payments 

20% of the purchase price depending on your qualifications and loan choice

Earnest Money Deposit 

The money put down when a contract is written - it usually goes into an escrow account

Lender Fees 

Includes charges for loan processing, underwriting and preparation

Third-party Fees 

Includes charges for insurance, title insurance, title search, appraisal fees and other inspections

Government Fees 

Includes deed recording and state mortgage taxes

Escrow Interest Fees 

Include homeowner's insurance, loan interest, real estate taxes, home warranties and prepaid interest

Property Taxes

Capital tax based on the estimated value of the property

Please do not hesitate to contact me when you are ready to take the next step. I look forward to assisting you!

I can answer your questions and usually get you pre-approved the same day.

Call or Text me at 502-905-3708 with your mortgage questions.


The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, ( Mortgage loans only offered in Kentucky.

All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice.

How do same-sex marriages affect your mortgage closings in Kentucky?

In order to ensure that each of your closings proceeds as efficiently as possible and without "closing day" delays, this message summarizes a few key points about how same-sex marriages can affect your closings in light of the recent U.S. Supreme Court Case Obergefell v. Hodges, Director, Ohio Dept. of Health rendered on June 26th, 2015.
In Obergefell, the Court used the Due Process and Equal Protection clauses of the Fourteenth Amendment to eliminate any disparate treatment of same sex marriage couples and invalidate any state or federal law that prohibits or fails to recognize same sex marriage.

Therefore, here are a few simple rules you can apply to your closings:
  1. A same sex couple validly married in any state must be recognized as married in all 50 states.
  2. In Kentucky, due to dower and curtesy rights, each member of a same sex marriage will typically be required to attend the closing, and will likely be a necessary party to sign the deed and/or mortgage. This rule will apply regardless of whether the transaction involves a sale (Buyer or Seller) or a refinance (Borrower).

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